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Re: Financial topics
Posted: Sun Apr 30, 2023 10:05 pm
by spottybrowncow
The biggest problem with bitcoin, and all cryptocurrencies, is that you need a network of computers to use it. It won't take much when SHTF, and then "bye, bye computers." Precious metals will continue to function as they have for millennia. Actually, maybe we're comparing apples and oranges. Cryptocurrency might make sense as an investment during this era when we still have computers, but precious metals, as the ultimate non-consumable physical asset (not food, water, ammo, tools, etc), are more insurance than investment.
Re: Financial topics
Posted: Mon May 01, 2023 6:07 am
by aeden
https://www.marxist.com/images/stories/ ... ickson.jpg
Bad water, Bad wheat, Bad weather
Three days to adjust attitudes will not work either.
A couple sips of the Thames or Mississippi will end any aspirations of puters.
Re: Financial topics
Posted: Mon May 01, 2023 9:43 am
by Cool Breeze
spottybrowncow wrote: Sun Apr 30, 2023 10:05 pm
The biggest problem with bitcoin, and all cryptocurrencies, is that you need a network of computers to use it. It won't take much when SHTF, and then "bye, bye computers." Precious metals will continue to function as they have for millennia. Actually, maybe we're comparing apples and oranges. Cryptocurrency might make sense as an investment during this era when we still have computers, but precious metals, as the ultimate non-consumable physical asset (not food, water, ammo, tools, etc), are more insurance than investment.
This is the paradox of gold, though. When you need it, the world as you know it is already gone. So it's largely futile. We need computers for everything else spotty, not that that's a good thing, but the it's how the world is currently, and WITH repression. Why not employ computers so that there isn't monetary repression? PMs are indeed just that, insurance. I have no problem with them, and they have some utility, but BTC is better in every way. Period.
Re: Financial topics
Posted: Mon May 01, 2023 6:07 pm
by vincecate
spottybrowncow wrote: Sun Apr 30, 2023 10:05 pm
The biggest problem with bitcoin, and all cryptocurrencies, is that you need a network of computers to use it. It won't take much when SHTF, and then "bye, bye computers."
In February a ship broke the undersea fiber to Anguilla. I went to the next island over and bought a used Starlink. When SHTF I expect Starlink will keep working. I am more confident that I could send Bitcoin to people than that I could send wire transfers to them. We will still want to do international trade even if the dollar gets hyperinflation or some other SHTF. Not clear what else could work besides Bitcoin.
I currently give a 10% bonus to customers that pay for .ai domains using Bitcoin. This is partly so that I get more Bitcoin but also so that more of my customers learn how to use Bitcoin and so are prepared to pay in Bitcoin in case SHTF.
https://islandpressbox.com/telecoms-ser ... -anguilla/
Re: Financial topics
Posted: Mon May 01, 2023 7:03 pm
by Cool Breeze
vincecate wrote: Mon May 01, 2023 6:07 pm
spottybrowncow wrote: Sun Apr 30, 2023 10:05 pm
The biggest problem with bitcoin, and all cryptocurrencies, is that you need a network of computers to use it. It won't take much when SHTF, and then "bye, bye computers."
In February a ship broke the undersea fiber to Anguilla. I went to the next island over and bought a used Starlink. When SHTF I expect Starlink will keep working. I am more confident that I could send Bitcoin to people than that I could send wire transfers to them. We will still want to do international trade even if the dollar gets hyperinflation or some other SHTF. Not clear what else could work besides Bitcoin.
I currently give a 10% bonus to customers that pay for .ai domains using Bitcoin. This is partly so that I get more Bitcoin but also so that more of my customers learn how to use Bitcoin and so are prepared to pay in Bitcoin in case SHTF.
https://islandpressbox.com/telecoms-ser ... -anguilla/
Vinnie flippin' the script - atta boy.
Re: Financial topics
Posted: Mon May 01, 2023 8:23 pm
by spottybrowncow
vincecate wrote: Mon May 01, 2023 6:07 pm When SHTF I expect Starlink will keep working.
I earnestly, sincerely hope that you are right. But I don't think Russia and China are planning on leaving Starlink alone. I have no idea what it would take to disrupt the network, especially if tens of thousands of satellites are present, but I'll bet the aforementioned countries have a pretty good idea.
Re: Financial topics
Posted: Mon May 01, 2023 8:37 pm
by vincecate
spottybrowncow wrote: Mon May 01, 2023 8:23 pm
vincecate wrote: Mon May 01, 2023 6:07 pm When SHTF I expect Starlink will keep working.
I earnestly, sincerely hope that you are right. But I don't think Russia and China are planning on leaving Starlink alone. I have no idea what it would take to disrupt the network, especially if tens of thousands of satellites are present, but I'll bet the aforementioned countries have a pretty good idea.
China plans to put up their own starlink type network with 13,000 sats. There is this Kessler Syndrome fear that if you start blowing up a bunch of satellites there will be so many fragments that other sats would also be hit and break up, and those fragments cause others etc. This is well know. China would understand that if they did this their own sats would be in trouble as well.
https://www.scmp.com/news/china/article ... rchers-say
https://en.wikipedia.org/wiki/Kessler_syndrome
Re: Financial topics
Posted: Tue May 02, 2023 10:34 am
by NoMansLand
vincecate wrote: Mon May 01, 2023 8:37 pm
spottybrowncow wrote: Mon May 01, 2023 8:23 pm
vincecate wrote: Mon May 01, 2023 6:07 pm When SHTF I expect Starlink will keep working.
I earnestly, sincerely hope that you are right. But I don't think Russia and China are planning on leaving Starlink alone. I have no idea what it would take to disrupt the network, especially if tens of thousands of satellites are present, but I'll bet the aforementioned countries have a pretty good idea.
China plans to put up their own starlink type network with 13,000 sats. There is this Kessler Syndrome fear that if you start blowing up a bunch of satellites there will be so many fragments that other sats would also be hit and break up, and those fragments cause others etc. This is well know. China would understand that if they did this their own sats would be in trouble as well.
https://www.scmp.com/news/china/article ... rchers-say
https://en.wikipedia.org/wiki/Kessler_syndrome
The most prominent "China in Space!" headlines I can remember from the past several years involve testing satellite killing missiles, and not caring where their space junk falls. I don't believe the people with that kind of knowledge are making decisions.
Re: Financial topics
Posted: Thu May 04, 2023 8:42 am
by Cool Breeze
It'll be funny when the deflationistas talk about the price of non essential goods once the depression becomes more obvious to people. Meanwhile, all the meaningful components of the cost of living for average people (inflation, duh) continue to increase.
Re: Financial topics
Posted: Thu May 04, 2023 2:28 pm
by Tom Mazanec
Cool Breeze wrote: Wed Apr 26, 2023 8:59 am
aeden wrote: Tue Apr 25, 2023 2:27 pm
220,000 users have been infected worldwide and 800 devices are being infected every day.
Filers have no clue how to calculate their crypto capital gains on machines not even theirs.
See what we did there. Now you got two viruses to deal with.
thread: commodity exchange theory
It's quite basic.
Hey chatGPT, say something in actual english, please.
Actually chatGPT is a lot more coherent than aeden.
